Aircraft Recycling International Limited (ARI), founded by China Aircraft Leasing Group Holdings Limited (CALC) in 2014, has acquired a 100% equity interest in Universal Asset Management, Inc. (UAM), a global aviation services provider based in Memphis, Tennessee, the company said.
UAM is now a wholly owned US subsidiary of ARI, responsible for ARI´s aircraft recycling business overseas, and a part of its global disassembly and distribution platform. Together, ARI and UAM will form global solutions for aging aircraft, further consolidating CALC´s status as a full value-chain aircraft solutions provider.
UAM has nearly three decades of commercial and technical experience managing customers´ aviation assets, disassembling aircraft, and supplying after-market components to the commercial aviation industry.
Christina Ng, Deputy CEO and COO of ARI, has been appointed as Chairwoman of UAM, while Keri Wright and Shawn Kling will continue to lead UAM´s operations as CEO and President, respectively. UAM will retain its brand name and continue to operate in the same manner with the same management team, while all staff will remain in place across all its business units.
ARI is a member company of CALC and downstream extension of CALC´s aviation value chain, and is mainly engaged in asset management and total aircraft solutions relating to aging aircraft. It is currently constructing an aircraft recycling facility in Harbin, China. With UAM´s Disassembly Center in Tupelo, Mississippi, the combined operations will be capable of meeting global demand.
UAM has nearly three decades of commercial and technical experience and specializes in asset management, leasing, aircraft disassembly, and component sales. UAM´s global headquarters is located in Memphis, Tennessee with disassembly and distribution operations in Tupelo and Verona, Mississippi. Additionally, UAM has global sales offices in London, UK, and Singapore. Along with its affiliates worldwide, UAM offers complete aircraft aftermarket component support in 150 countries globally.
In addition to aircraft operating lease, financial lease, and sale and leaseback, CALC provides customers with aircraft full-life solutions, covering fleet planning consultation, structured financing, fleet replacement package deal, third party aircraft resale as well as aircraft disassembly and recycling business.
